Citi Extends Securities Lending Services to Malaysian Investors

Citi Extends Securities Lending Services to Malaysian Investors
Business Wire
KUALA LUMPUR, Malaysia & HONG KONG -- November 21, 2012
Citi today announced that it now offers securities lending services in
Malaysia through its OpenLend^SM platform. This follows a successful market
launch in India earlier last month, reinforcing Citi’s strength in Asia and
dominance in the emerging markets space. The new service offering will allow
offshore and domestic investors access to the Malaysian market.
“The launch of the securities lending service in Malaysia further underscores
our commitment to expanding our product offering. The new service leverages
our deep on-the-ground expertise and global product capabilities through our
core in-country infrastructure, as well as our product and relationship
management teams,” said David Russell, Asia Pacific Head of Securities and
Fund Services at Citi.
Available in 72 markets globally as part of a suite of investment services
delivered through Citi OpenInvestor^SM OpenLend delivers an award-winning,
open-architecture securities lending solution that leverages Citi’s global
presence, robust risk management controls and innovative trading strategies to
help clients achieve their performance objectives.
“Emerging markets are an area of particular expertise for our business as we
are able to leverage Citi’s vast global footprint and our team’s deep market
knowledge” explained David Martocci, Global Head of Securities Finance for
Citi Transaction Services. “Extending our lending services in Asia enables our
clients to take advantage of the lucrative revenue opportunities in these
markets such as Malaysia.”
Citi OpenInvestor^SM is the investment services solution for today’s
diversified investor that combines specialized expertise, comprehensive
capabilities and the power of Citi’s global network to help clients meet
performance objectives across asset classes, strategies and geographies. Citi
OpenInvestor^SM provides institutional, alternative and wealth managers with
middle office, fund services, custody, investing and financing solutions that
are focused on their specific challenges and customized to their individual
needs.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Citi Transaction Services
Citi Transaction Services, a division of Citi’s Institutional Clients Group,
offers integrated cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public sector
organizations around the world. With a network that spans more than 95
countries, Citi’s Transaction Services supports over 65,000 clients. As of the
third quarter of 2012, it held on average $415 billion in liability balances
and $12.8 trillion in assets under custody.
Contact:
Citi
Media:
Malaysia:
Sreejaya Menon, +603 2383 3018
sreejaya.menon@citi.com
or
Hong Kong:
Yvonne Chan, +852 2868 7682
yvonne.chan@citi.com
or
New York:
Nina Das, +1 212-816-9267
nina.das@citi.com